18 S Elkjer CirSioux FallsSD57103
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $2,250/mo, and a $4,380/mo payment. Purchase price stands at $894,900, and rental yield measures 3.02% with $2,250/mo rent. Return on cash invested shows 6.18% in year one, and 5% annual appreciation builds toward $247,244 over five years. Five-year ROI reaches 29.36% and total cumulative return in cash records $86,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,250/mo property income covering a $4,380/mo payment rather than investor’s personal income.
Single Family
Built in 1993
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 57103, Sioux Falls, SD area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,867 (100%) |
| Owner Occupied HU | 9,800 (61.8%) |
| Renter Occupied HU | 5,171 (32.6%) |
| Vacant Housing Units | 896 ( 5.6%) |
| Median Home Value | $293,831 |
| Average Home Value | $337,449 |
Housing Distribution
Address Breakdown
Residential
14,733
Single Family
11,590
Multi-Family
3,143
Businesses
662
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Listed by: Tony J Ratchford • Keller Williams Realty Sioux Falls
Mls Name: Realtor Association of the Sioux Empire
Mls ID: #22506095